Norges Bank Portfolio holdings
Norges Bank, established in 1816 and headquartered in Oslo, Norway, serves as the central bank of Norway, responsible for monetary policy, issuing the Norwegian krone, and maintaining financial stability. Beyond its traditional central banking role, it oversees the management of the Government Pension Fund Global (often called the Norwegian Oil Fund), one of the world’s largest sovereign wealth funds, valued at over $1 trillion, which invests Norway’s oil and gas revenues in global equities, bonds, and real estate. The fund’s investment arm, Norges Bank Investment Management (NBIM), operates independently to ensure long-term wealth preservation for future generations, emphasizing sustainable and ethical investing practices. With its dual role, Norges Bank uniquely blends central banking duties with stewardship of a massive global investment portfolio.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$1.13B |
| 2 |
Alibaba
BABA
|
+$831M |
| 3 |
Fidelity National Information Services
FIS
|
+$349M |
| 4 |
UBS Group
UBS
|
+$322M |
| 5 |
Johnson Controls International
JCI
|
+$258M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$934M |
| 2 |
APC
Anadarko Petroleum
APC
|
+$362M |
| 3 |
WP
Worldpay, Inc.
WP
|
+$357M |
| 4 |
RHT
Red Hat Inc
RHT
|
+$332M |
| 5 |
Apple
AAPL
|
+$246M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.41% |
| 2 | Financials | 16.77% |
| 3 | Healthcare | 13% |
| 4 | Consumer Discretionary | 11.43% |
| 5 | Communication Services | 9.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1051
Webster Financial
WBS
$12.5B
| $37.6M | 0.01% |
801,338
+19,198
| +2% | +$908K |
|
|
EFOR
1052
Everforth Inc
EFOR
$1.17B
| $37.4M | 0.01% |
595,212
| – | – |
|
1053
Dolby
DLB
$5.56B
| $37.3M | 0.01% |
576,652
+17,333
| +3% | +$1.09M |
|
1054
Evertec
EVTC
$1.88B
| $37.2M | 0.01% |
1,192,546
-132,342
| -10% | -$4.43M |
|
1055
Nu Skin
NUS
$252M
| $37.2M | 0.01% |
874,031
| – | – |
|
1056
BJs Wholesale Club
BJ
$12.5B
| $37.1M | 0.01% |
1,435,272
+24,805
| +2% | +$618K |
|
1057
Repligen
RGEN
$7.96B
| $37.1M | 0.01% |
483,573
+50,000
| +12% | +$4.37M |
|
1058
UFP Industries
UFPI
$4.9B
| $37.1M | 0.01% |
929,478
| – | – |
|
1059
Petrobras Class A
PBR.A
$111B
| $37M | 0.01% |
2,812,665
| – | – |
|
|
GRUB
1060
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $37M | 0.01% |
328,705
| – | – |
|
1061
NewMarket
NEU
$7.82B
| $36.9M | 0.01% |
78,208
| – | – |
|
|
WWE
1062
DELISTED
World Wrestling Entertainment
WWE
| $36.8M | 0.01% |
517,763
+23,417
| +5% | +$1.68M |
|
1063
J&J Snack Foods
JJSF
$1.43B
| $36.8M | 0.01% |
191,621
+8,866
| +5% | +$1.61M |
|
|
PE
1064
DELISTED
PARSLEY ENERGY INC
PE
| $36.7M | 0.01% |
2,185,745
| – | – |
|
1065
Olin
OLN
$2.11B
| $36.6M | 0.01% |
1,955,288
| – | – |
|
1066
Cracker Barrel
CBRL
$1.26B
| $36.5M | 0.01% |
224,687
+9,052
| +4% | +$1.52M |
|
1067
Methanex
MEOH
$4.3B
| $36.5M | 0.01% |
1,029,032
| – | – |
|
1068
Cabot Corp
CBT
$4.54B
| $36.5M | 0.01% |
805,530
+6,443
| +0.8% | +$278K |
|
1069
New York Times
NYT
$12.1B
| $36.5M | 0.01% |
1,280,823
| – | – |
|
|
EE
1070
DELISTED
El Paso Electric Company
EE
| $36.4M | 0.01% |
542,891
| – | – |
|
1071
Ubiquiti
UI
$33.7B
| $36.4M | 0.01% |
307,531
-22,850
| -7% | -$2.76M |
|
1072
La-Z-Boy
LZB
$1.58B
| $36.3M | 0.01% |
1,079,716
| – | – |
|
1073
Simpson Manufacturing
SSD
$7.72B
| $36.2M | 0.01% |
521,652
| – | – |
|
1074
Applied Industrial Technologies
AIT
$12.8B
| $36.2M | 0.01% |
637,034
| – | – |
|
1075
Urban Outfitters
URBN
$6.35B
| $36.1M | 0.01% |
1,286,520
| – | – |
|
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Norges Bank's Q3 2019 Portfolio in Review
As of Q3 2019, Norges Bank held 2,164 positions worth $327B, up 0.9% from $324B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Norges Bank's Q3 2019 filing shows 59 new, 636 increased, 513 reduced and 72 closed positions. Its largest new stake was Johnson Controls International: 6,095,447 shares worth $268M. The largest sale was Alphabet (Google) Class C, an estimated $934M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q3 2019 buy was Johnson Controls International: 6,095,447 shares worth $268M.
- Norges Bank added most to Alphabet (Google) Class A in Q3 2019, an estimated $1.13B increase.
- Norges Bank's biggest Q3 2019 reduction was Alphabet (Google) Class C, cutting an estimated $934M.
- Norges Bank fully exited Anadarko Petroleum in Q3 2019, selling an estimated $362M.
- Norges Bank's ten largest holdings make up 17% of its $327B portfolio in Q3 2019.
- Norges Bank opened 59 new positions and closed 72 in Q3 2019.
- Norges Bank's portfolio value rose 0.9% quarter-over-quarter to $327B.
Based on Norges Bank's 13F filing for Q3 2019, filed 8 Nov 2019.